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Corporate Fines

Ah, Yet Another Meaningless Corporate Fine

Judge H. Lee Sarokin | Posted 01.14.2015 | Business
Judge H. Lee Sarokin

This pervasive criminal conduct can no longer merely be the cost of doing business -- freedom of the guilty corporate executives must be the cost. Fines are what you pay for over-time parking -- not for major corporate criminal activity which kills, harms or steals from people.

Deaths Caused by Corporations Are Punished by Taking It Out of Their Allowance

Judge H. Lee Sarokin | Posted 07.19.2014 | Business
Judge H. Lee Sarokin

Absent some examples of severe individual punishments, corporations' sales will continue to be more important than safety and profits more important than people. There must be a stronger deterrent and more severe punishment than taking it out of their allowance.

Do Corporate Fines Punish Anyone?

Judge H. Lee Sarokin | Posted 05.24.2014 | Crime
Judge H. Lee Sarokin

In my humble opinion, corporate fines for criminal conduct are a farce. Shareholders who are not guilty of the wrongdoing and many of whom did not even own the company's stock at the time of the criminal activity, in effect, pay the fine.

Government Rakes In Record Amount In Fines

The Huffington Post | Bonnie Kavoussi | Posted 12.21.2012 | Business

You may not have noticed, but companies are paying more in fines. The federal Crime Victims Fund, which collects federal criminal fines from people...

Do Corporate Fines and Punitive Damage Awards Serve Their Purpose?

Judge H. Lee Sarokin | Posted 05.25.2011 | Business
Judge H. Lee Sarokin

Pfizer agreed to pay $2.3 billion to settle fraud claims regarding its marketing practices -- the largest criminal fine of any kind ever. But it's the shareholders, and not the corporate officers, who will be punished.